Oil rising tensions with Egypt and the U.S. GDP
Saturday, January 29th, 2011U.S. light crude closed up more than 4% Friday on the New York market, investors fearing a spread of Egyptian tensions with other countries in the Arab world.
The contract ended in March with a gain of 3.72 dollars, or 4.34%, to 89.37 dollars a barrel.
Upon the close of the New York Mercantile Exchange, Brent took $ 1.93 (1.98%) to 99.32 dollars.
The meeting was marked by exceptional volumes, according to Reuters data.
Brent "knocks at the door of $ 100.Whenever there is violence in the Middle East, we buy by betting on the risk, "said Andrey Kryuchenkov VTB Capital.
Galvanized by the Tunisian example, tens of thousands of Egyptians took to the streets this week to demand the departure of the "rais", in power for nearly thirty years.
Gunshots were heard Friday in Cairo after the commencement of the curfew and the headquarters of the National Democratic Party (NDP) party, was on fire after a day of unprecedented challenge to the regime Hosni Mubarak.
Oil prices were also supported by the statistics that the growth of the U.S. economy has accelerated in the fourth quarter 2010, driven primarily by consumption and exports.
Comments Off 
Posted by admin in advertising, blog, business opportunity, information, networks 